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September 16 aluminum market morning review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Aluminum market morning comment: overnight external metals were mixed, and futures aluminum prices closed down 0.
39% to $1793.
5 / ton
.
Shanghai aluminum continued to decline after a brief strengthening after the opening of the night session, and the main 2010 contract closed at 14,500 yuan / ton
.

Aluminum City

The overall transaction volume of the spot market has not been significantly increased, with middlemen mainly purchasing at low prices, downstream on-demand purchases, and holders slightly reluctant to sell
.
The supply of goods in the South China market is tight
.
The mainstream trading price in Shanghai is around 14620 yuan / ton, which is about 30 higher than the futures
.
The mainstream transaction price in Guangdong is around 14760 yuan / ton
.

At present, the fundamentals of the domestic market have not changed much
.
Consumption improved slightly while production accelerated, but due to the approaching National Day holiday, there was demand for stocks before the holiday, and inventories declined, which maintained some support
for aluminum prices.
Short-term aluminum prices still maintain range fluctuations, and it is recommended to wait and see or range operations for
the time being.

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